NVidia has reported record revenues and earnings for the third quarter of fiscal 2002 ended October 28, 2001.
NVidia produces the graphics cards installed in all of Apple's top-of-the-range PowerMac G4s.
For the third quarter of fiscal 2002, revenues increased by 87 per cent to $370.2 million, compared to $198.2 million for the third quarter of fiscal 2001.
Net income for the third quarter of fiscal 2002 was $44.7 million, or $0.26 per diluted share, compared to actual net income of $28.1 million, or $0.17 per diluted share, for the third quarter of fiscal 2001.
Jen-Hsun Huang, president and CEO of NVidia said: “Our third-quarter results exemplify our continued technology leadership and the intense focus and relentless execution of our employees.
“With the excellent success of leveraging the GeForce architecture into winning products for the Mac, desktop PCs, laptops, workstations and the Xbox, we now have multiple-growth drivers that will accelerate our already strong momentum.”
NVidia is holding a conference call with analysts and investors to discuss its third-quarter 2002 financial results and current financial prospects today at 10PM GMT.